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Small farmers exempt from issuing receipts

Small farmers exempt from issuing receipts
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BIR incentivizes farming via tax exemption • Jasper Y. Arcalas

THE Bureau of Internal Revenue (BIR) announced it has exempted small-scale farmers from issuing receipts if their annual gross sales do not exceed P1 million. BIR Revenue Regulation (RR) 12-2023 exempts agricultural food-product suppliers, producers, sellers, contract growers and millers from issuing receipts if their annual gross sales or receipts are below P1 million. “Small

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